Janney Montgomery Scott LLC Sells 7,271 Shares of Alaska Air Group, Inc. $ALK

Key Points

• Janney Montgomery Scott LLC has significantly reduced its stake in Alaska Air Group by 42%, selling 7,271 shares in the second quarter, which has left them with holdings worth approximately $497,000.
• Several major investors, including Goldman Sachs and American Century Companies, increased their positions in Alaska Air Group recently, indicating a strong interest in the stock despite the sell-off by Janney Montgomery Scott.
• Equities analysts maintain a mixed outlook on Alaska Air Group, with a consensus rating of 'Moderate Buy' and a target price average of $71.62, showing potential upside from its current market performance.

Janney Montgomery Scott LLC cut its position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 42.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,039 shares of the transportation company's stock after selling 7,271 shares during the quarter. Janney Montgomery Scott LLC's holdings in Alaska Air Group were worth $497,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ALK. American Century Companies Inc. raised its position in shares of Alaska Air Group by 1.5% during the first quarter. American Century Companies Inc. now owns 3,224,165 shares of the transportation company's stock worth $158,693,000 after acquiring an additional 47,184 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Alaska Air Group by 249.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,638,464 shares of the transportation company's stock worth $129,865,000 after acquiring an additional 1,882,598 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Alaska Air Group by 20.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,910,364 shares of the transportation company's stock worth $94,028,000 after acquiring an additional 321,505 shares during the last quarter. Northern Trust Corp raised its position in shares of Alaska Air Group by 36.7% during the first quarter. Northern Trust Corp now owns 1,062,712 shares of the transportation company's stock worth $52,307,000 after acquiring an additional 285,382 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Alaska Air Group by 8.9% during the first quarter. Bank of New York Mellon Corp now owns 971,938 shares of the transportation company's stock worth $47,839,000 after acquiring an additional 79,099 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a "hold (c)" rating on shares of Alaska Air Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on Alaska Air Group from $73.00 to $96.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Susquehanna set a $58.00 target price on Alaska Air Group and gave the stock a "positive" rating in a report on Friday, October 3rd. UBS Group upgraded Alaska Air Group from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $56.00 to $90.00 in a report on Friday, September 12th. Finally, Barclays lifted their target price on Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Thirteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $71.62.

Alaska Air Group Trading Down 0.9%

Shares of Alaska Air Group stock opened at $47.36 on Friday. The stock has a market capitalization of $5.46 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 0.75 and a beta of 1.40. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.49 and a current ratio of 0.52. Alaska Air Group, Inc. has a 52 week low of $39.79 and a 52 week high of $78.08. The stock has a 50 day moving average price of $55.75 and a two-hundred day moving average price of $51.73.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.22. The company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.65 billion. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.Alaska Air Group's quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.55 earnings per share. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. As a group, equities analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Activity at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 7,600 shares of Alaska Air Group stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $53.22, for a total transaction of $404,472.00. Following the transaction, the executive vice president owned 18,930 shares of the company's stock, valued at $1,007,454.60. The trade was a 28.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kyle B. Levine sold 5,914 shares of Alaska Air Group stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $57.75, for a total value of $341,533.50. Following the transaction, the senior vice president directly owned 20,917 shares in the company, valued at approximately $1,207,956.75. The trade was a 22.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,514 shares of company stock valued at $1,031,306 over the last 90 days. Insiders own 1.00% of the company's stock.

Alaska Air Group Profile

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.

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